Introduction to Enterprise Risk Management

Author: Lynn Fountain

In today’s rapidly evolving business landscape, technological innovation, shifting regulations, economic volatility, and global interconnectivity have combined to create unprecedented levels of risk for organizations. The pressure to operate faster, deliver more, and remain competitive means companies are often accepting higher levels of uncertainty—sometimes without fully understanding the potential implications.

Enterprise Risk Management (ERM) has emerged as a critical discipline for addressing this reality. ERM provides a structured approach for identifying, assessing, monitoring, and responding to risks across the organization. By integrating risk considerations into strategic planning and decision-making, companies can protect value, seize opportunities, and improve overall performance.

Yet, the challenge is not simply implementing ERM—it is ensuring that ERM strategies are aligned with broader business objectives, internal control frameworks, and governance structures. Misalignment can result in inefficiencies, missed opportunities, or even significant operational and financial setbacks.

Participants will leave with practical insights into how a well-implemented ERM program can not only mitigate threats but also enable an organization to act with confidence in pursuing its goals.

Publication Date: April 2026

Designed For
All levels of accounting an operational professionals

Topics Covered

• For CFOs and their teams, ERM is not just a compliance requirement—it is a leadership responsibility that spans all areas of risk:
• Financial Risk – liquidity, credit, market volatility, and reporting accuracy
• Operational Risk– supply chain disruptions, process inefficiencies, and technology failures
• Compliance & Regulatory Risk – evolving laws, ethical standards, and industry-specific requirements
• Strategic Risk – shifts in market demand, competitive pressures, and reputation management

Learning Objectives

• Explain the foundational concepts and frameworks of Enterprise Risk Management
• Explain importance of embedding ERM into corporate culture and decision-making processes
• Define and develop right sized ERM to meet company objectives
• Explain Risk Appetite
• Explain how to Establish a Framework for ERM
• Identify Roles/responsibilities/accountabilities
• Explore best practices for aligning ERM strategies with internal control and performance management systems
• Explain the need for ERM Awareness

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Business Management & Organization (2 hours)

Program Prerequisites
None

Advance Preparation
None